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Standard Chartered was formed
in 1969 through a merger of two banks: The Standard Bank of British South
Africa, founded in 1863, and the Chartered Bank of India, Australia and
China, founded in 1853.
Both companies were keen to capitalise on the huge expansion of trade and to
earn the handsome profits to be made from financing the movement of goods
between Europe, Asia and Africa.

Standard Chartered opened its first branch in Ho Chi Minh City in 1904.
Following official approval from the State Bank of Vietnam, Standard
Chartered commenced operations of its locally incorporated entity – Standard
Chartered Bank (Vietnam) Limited on August 1, 2009. Standard Chartered now
has three branches and employs over 600 staff in Vietnam. The Bank provides
a full suite of wholesale banking products and services to corporate and
financial institutions. Its consumer banking business serves individuals and
small and medium enterprises.

The Vietnamese financial
market has rapidly expanded over the last few years. With rapid market
liberalization and privatization, Vietnam has become a preferred destination
for an increasing number of international investors, and banking offers
great growth potential. Standard Chartered Bank nationwide network gives you
easy access at over 200 ATMs - a joint network between Standard Chartered
and Asia Commercial Bank (ACB) across Vietnam.

Standard Chartered brings international
expertise and experience gained from its operations in other emerging
markets to Vietnam, where it actively contributes to the development of the
country’s banking and finance sector. Despite recent policy restrictions on
foreign banks, Standard Chartered remains well placed to help its clients
realize their potential. The bank has built a franchise focused on
addressing clients’ needs, not short term trading gains..

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